While earnings estimates remain largely intact for 2022, a September slowdown pushed analysts to take another look at 2023 forecasts.
Mexico ranked as the United States’ top trading partner in August, accounting for $70.3 billion in cross-border commerce according to the most recent data from the U.S. Census Bureau. It marks the first time Mexico has been the No. 1 trading partner of the U.S. since January. Canada ranked No. 2, as its total trade […]
Kenan Advantage Group (KAG) subsidiary KAG Logistics (KAGL) announced Wednesday the acquisition of Canadian 3PL Connectrans Logistics. Financial terms of the transaction were not provided. Based in the Toronto area, Connectrans specializes in U.S.-Canada cross-border freight transportation, including truckload (dry van, temperature control and flatbed), less-than-truckload and intermodal freight, through a network of carriers. “The […]
Canadian carrier Bison Transport announced Wednesday it will be acquiring Pottle’s Transportation on Oct. 31. Financial terms of the transaction were not provided. Hermon, Maine-based Pottle’s operates a truckload fleet of more than 200 tractors and 750 trailers through the U.S. Northeast. It also has a logistics offering and provides yard management and warehousing services. […]
Contract rates still face downward pressure, especially for live/live loads.
A highly regarded survey of less-than-truckload shippers showed Peninsula Truck Lines was the top overall provider based on value and loyalty.
California truck driver Jesus Manuel Salgado is facing four counts of first-degree murder. Salgado is accused of kidnapping and killing four family members from their trucking business.
Bay and Bay sells its tank transportation business to the largest food-grade hauler in the U.S.
Plans to order more inventory have fallen to a record low, according to Morgan Stanley. There’s far too much stuff and not enough demand.
A new proposed independent contractor rule from the Department of Labor could increase costs for trucking as well as for Uber and Lyft.
Updated ATRI research shows that a truck driver who disobeys traffic signals leading to a crash is 243% more likely to have another accident.
TA Services announced that it has acquired California-based broker KPI Logistics.
XPO Logistics announced the spinoff of its brokerage unit has been blessed by its board with share distribution scheduled for Nov 1.
Cummins Inc. adds Minnesota to a growing list of global sites where it is manufacturing electrolyzers for green hydrogen.
NFI Industries acquires container drayage and warehousing provider MCO Transport.
Reliance Partners’ Brian Runnels discusses the trickiness of lanes.
Deutsche Post DHL posted strong gains at its Express, freight forwarding and supply chain units.
AskWaves looks at some of the challenges in the long-haul segment of an LTL network.
FedEx goes big with a record GRI. UPS, facing a spike in labor costs, may go bigger.
As search-and-rescue efforts continue in areas decimated by Hurricane Ian, nonprofit trucking groups are banding together to help survivors of the Category 4 storm.
